SBL,Yes I totally agree.That was why I made mention of a term...

SBL,

Yes I totally agree.

That was why I made mention of a term sheet in a previous post (i.e. using debt over equity), because it shouldn't result in too much dilution.

Even factoring in a 50m placement at some stage if we apply $180 e/v an ounce gives a share price of $1.25.

That is also why I'm hanging out for the results of the mining studies, because if they used $1150 an ounce AUD AND the outcomes are favourable they can pay back the debt in a year to a year and a half.

JT